Tips on Buying Land To Build a House
So you’ve decided to build a custom home, but you aren’t sure where to begin. Buying land to build a house is one of the most important steps in the process. The piece of land you select will affect your costs, building restrictions, and of course, your lifestyle.
At Picklo Homes, we design and build custom homes to meet all of your unique needs for pleasure and comfort. Whether you’ve already purchased land and want us to build on your lot, or you’re starting from scratch, we can help you achieve your dream home.
How To Find the Right Lot
Buying land for a house can feel overwhelming. We recommend starting with the following steps to help ensure a smooth process:
- Determine your budget: Consider your budget for both the land and build. Typically, you should expect to spend around 20% to 30% of your budget on the piece of land. You should also consider how you’ll pay for the project (i.e., construction loan, cash, etc.).
- Consider size requirements: How much space you need will narrow your options. Ask yourself whether you want multiple acres or an average yard close to neighbors.
- Pick your preferred location: Consider where you regularly commute for work, school, errands, etc. Do you want a rural home farther from the city or close to the action? We recommend researching property values before choosing a neighborhood.
- Hire a real estate agent: After determining your budget, location, and size needs, you can hire a real estate agent to help you search and negotiate.
Considerations Before Buying Land To Build a House
When buying land to build a house, you must consider the following critical aspects to ensure you get what you want:
Financing and Costs
If you spend too much on your land, it may affect your custom home build. If you purchase a piece of land that requires excessive clearing and maintenance to become suitable, you may deplete your budget or exceed your planned timeline of completion.
We recommend considering all land costs, future expenses, and how you’ll pay for everything. If you want to rely on loans, ensure you’ll receive the necessary approvals.
Using a Realtor
Realtors can help you find hidden gems, negotiate prices, and protect your financial interests. Your real estate agent can leverage their knowledge of current market values and high-potential locations to help you find land that meets your budget and will continue to grow in value well into the future.
Understanding the Zoning Restrictions
Every city has zoning restrictions and long-term plans for empty properties. If you aren’t careful, you could accidentally purchase non-residential vacant land. You can view Magnolia’s zoning information online using a simple search tool to find existing restrictions, ordinances, and plans. Your realtor can also help you understand any restrictions that may be of concern.
Construction Suitability
Building a home requires certain conditions. Unsuitable lots will cost you more and increase build times. You should consider:
- Existing utilities (plumbing, septic system, electrical, etc.)
- Legal road access
- Drainage systems
- Soil pollution
- Existing structures
- Leveling requirements
The Benefits of Building a Custom Home on Your Own Land
When you build a custom home on your own land, you can enjoy the following benefits:
- Complete control: Rather than sacrificing anything on your wish list, building a custom home on your own land offers complete control over your project, so you can customize every aspect to fit your preferences.
- Views: Often, the existing home you may love is only on a mediocre property. Custom builds allow you to select the breathtaking views you desire for your new home.
- Growth potentials: Many existing houses have HOA restrictions that stop you from expanding the home or adding buildings to the property. By purchasing your own land, you have the freedom to expand throughout your ownership.
- Budget flexibility: When designing the house, you can pick all the fixtures and finishes that matter most to you, so you don’t waste money on unnecessary features.
Contact Picklo Homes Custom Home Builders Today
Buying land to build a house is only the first step. At Picklo Homes, we’re ready to provide you with the build-on-your-lot custom home of your dreams.
Contact our team of custom home experts at (281) 252-4447 when you’re ready to begin your custom home-building journey.
